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The duration between trades on the stock market for shares in Apple follows an exponential distribution with a mean of 0.23 seconds. If a trade
The duration between trades on the stock market for shares in Apple follows an exponential distribution with a mean of 0.23 seconds. If a trade has just occurred what is the probability that the duration to the next trade is exactly equal to 0.02 seconds? Report your answer to 3 decimal places.
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